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Cheap oil is killing Oklahoma’s economy
Red Dirt Report ^
| January 23, 2016
| Brian Woodward
Posted on 01/23/2016 12:59:38 PM PST by shepardspie33
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To: usconservative
South side of Indy broke into the 1.20s last night.
Been on a 2 or 3 cent a day downslope for couple weeks.
To: nascarnation
We’re just now breaking below $1.90 here, best I’ve seen has been $1.85. NC has a fairly high road tax on gas sales.
To: shepardspie33
What the frack did they think would happen?
23
posted on
01/23/2016 1:24:30 PM PST
by
OrangeHoof
(Obama - the AIDS virus for the American body politic.)
To: nascarnation
At $1.29 per gallon, my only regret is that I can only drive one car at a time.
**************
My regret is that I do not have a huge storage tank.
24
posted on
01/23/2016 1:36:10 PM PST
by
Graybeard58
(Bill and Hillary Clinton are the penicillin-resistant syphilis of our political system.)
To: dfwgator
Well, it is cheaper than milk right now.
25
posted on
01/23/2016 1:43:17 PM PST
by
Grams A
(The Sun will rise in the East in the morning and God is still on his throne.)
To: shepardspie33
Welcome to the mid-1980’s, fellow Okies! Yeah, it sucks now. It is just like the mid-80’s except; there is no Reagan and instead of Disco, we’ve got Rap. Rap is the only thing that has ever made me even kinda miss Disco .... but I digress.
Anyway, we will live. It will be rough, but we will live.
One thing is for certain, though. It won’t be boring. In Oklahoma, there are two times when a guy can make a fortune: Oil Booms and Oil Busts.
The oil is still there and, temporarily, oil leases are gonna be really cheap.
26
posted on
01/23/2016 1:49:18 PM PST
by
OkiMusashi
(Beware the fury of a patient man. --- John Dryden)
To: shepardspie33
Well expensive oil was killing my economy...They didn’t have much sympathy for us when we were paying $4.50 for a gallon of gas. I was buying $600 worth of gas a month for years, now it’s down to $120...
27
posted on
01/23/2016 2:18:38 PM PST
by
Smittie
(Just like an alien, I'm a stranger in a strange land)
To: OkiMusashi
You have that right!
This upturn and downturn of the Oklahoma oil economy is as old as Oklahoma. Oklahomans are used to oil booms and busts, and old school Oklahomans know this and plan for it accordingly.
The next shoe to drop in Oklahoma will be a real estate price drop.
28
posted on
01/23/2016 3:04:06 PM PST
by
judicial meanz
("Don't fire unless fired upon, but if they mean to have a war, let it begin here" -- Captain John Pa)
To: IC Ken
And they are not just any old job. They are great paying jobs that people can earn enough from to stimulate the economy, not just buy bread and beans.
29
posted on
01/23/2016 3:28:14 PM PST
by
Sequoyah101
(It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
To: Slyfox
Gee, Oklahoma, didn’t you put something aside for a rainy day?
To: IC Ken
You left out us Cajuns in Louisiana. It reminds me of the time when we had that other idiot in the White House, Jimmy Carter.
To: judicial meanz
The article stated that there was a 90+% increase in real estate foreclosures.
To: central_va
I think I will just leave my car running 24/7 just to do my part.You'll be helping people on the East Coast as well. They could use a little global warming about now.
33
posted on
01/23/2016 4:26:42 PM PST
by
tpmintx
(Gun free zones are hunting preserves for unarmed people.)
To: shepardspie33
I'm happy about this because my sil had relatives who somehow got a bunch of land and with oil and its been paying her now for at least 30 yrs and she is always throwing it in my face, in an informative way just so I know it.....no matter what we talk about by phone she seems to be able to "have to tell me something" and I say to myself "here it comes"...her land...the oil...new rigs...
and then she goes on about how she'll be buying a brand new car very soon....
so do I care if the oil market drops?....I celebrate it....
34
posted on
01/23/2016 7:24:44 PM PST
by
cherry
To: cherry
Moral of the story - shut yer mouth and don’t spike the football.
35
posted on
01/23/2016 7:30:26 PM PST
by
farming pharmer
('Your work will warm you' - overheard in a Soviet gulag...)
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